What you're proposing is a cartel of users who agree to only use 1% of their computing power. The Prisoner's Dilemma still applies and thus the incentive to che

What you're proposing is a cartel of users who agree to only use 1% of their computing power. The Prisoner's Dilemma still applies and thus the incentive to cheat still remains because using more than 1% can give you a competitive advantage. By assuming every one will compete as much as they can the prisoner's dilemma disappears because there is a limit of how many resources a user can expand. The main issue is whether bit coin is a valid expenditure of those resources